Ufcw And Participating Employers New England Health Fund

Organization Overview

Ufcw And Participating Employers New England Health Fund is located in Westport, CT. The organization was established in 1959. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Ufcw And Participating Employers New England Health Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ufcw And Participating Employers New England Health Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Ufcw And Participating Employers New England Health Fund generated $138.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $154.4m during the year ending 12/2023. While expenses have increased by 22.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THIS TRUST SHALL BE TO PROVIDE SUCH HEALTH AND WELFARE BENEFITS AS MAY BE AUTHORIZED OR PERMITTED BY LAW, WHICH MAY INCLUDE BUT IS NOT LIMITED TO DEATH BENEFITS, MEDICAL, HOSPITAL, SURGICAL, DENTAL, VISION AND PRESCRIPTION DRUG BENEFITS, EDUCATION BENEFITS AND SAFETY AND HEALTH TRAINING TO QUALIFIED PARTICIPANTS AND BENEFICIARIES IN THE AMOUNTS AND UNDER THE CONDITIONS SPECIFIED IN THE PLAN OF BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE BENEFITS FOR THE MEMBERS WHO PARTICIPATE IN THIS FUND.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Anthem Health Plans Inc
Claims Processing
$2,911,008
Livongo Health Inc
Claims Processing
$317,781
The Segal Company
Actuary/consultant
$275,801
Union Printing Inc
Duplicating & Mailings
$155,050
Bridgeway Benefit Technologies
It Services
$143,170
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$128,153,086
Investment income $2,729,883
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,079,805
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $138,304,266

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Electrical Employers Self Insurance Safety Plan
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Electrical Workers Health And Welfare Fund Local 103 Ibew
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Ufcw And Participating Employers New England Health Fund
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$138,304,266
Csea Employee Benefit Fund
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$150,587,265
Mondelez Global Llc Group Benefit Trust I
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$134,193,583

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